SK Hynix CEO: Memory Market Tightness Could Stretch Into 2030
On August 28, SK Hynix CEO Kwak Noh-jung said the ongoing expansion of AI infrastructure will continue to drive demand for high-bandwidth memory (HBM), and predicted that the memory market’s tight conditions could persist through the end of 2030, with no clear signs of an industry downturn so far. He noted that AI memory is increasingly moving toward customized products developed jointly with clients, making demand easier to forecast. As a result, future downcycles in the industry are likely to be gentler than in the past, and the traditional violent “boom-and-bust” cycles of the memory market probably won’t repeat themselves.
Meituan’s Q2 Revenue Climbs 14.4% to ¥104.6 Billion
On August 28, Meituan released its second-quarter and half-year results for 2026. In Q2, the company generated ¥104.6 billion in revenue, up 14.4% year over year.
With industry competition turning more rational and the seasonal boost of the peak quarter, all of Meituan’s business segments returned to steady growth, and operating profit swung back to positive from negative on a sequential basis.
Sticking to its “retail + technology” strategy, Meituan continues to sharpen its focus on improving business quality and fostering healthy industry development. Starting July 1, Meituan’s rider “new occupational injury” insurance has been rolled out nationwide. Additionally, the company has fully implemented its ten major “Worry-Free Food Delivery” initiatives, further strengthening the industry’s food safety framework.
During Q2, Meituan also ramped up its AI capabilities, actively pushing AI into real-world business scenarios. The company’s quarterly R&D spending grew 22.5% year over year to ¥7.7 billion, accounting for 7.3% of total revenue.
CXMT: Global DRAM Supply Shortage to Persist in H2
On August 28, CXMT said in its 2026 semi-annual report that looking ahead to the second half of 2026, the global DRAM supply shortage will continue. The company will keep a close eye on external factors such as macroeconomic fluctuations and geopolitical tensions, confront multiple challenges head-on, seize development opportunities, and stay focused on its full-year revenue growth targets, expansion into new application scenarios, landing of key projects, and deep industry-academia-research collaboration. The goal is to achieve bigger breakthroughs in operational efficiency, product iteration and upgrades, long-term development planning, and open collaborative innovation — all while further strengthening its core competitiveness and expanding its market influence.
Tencent Spends ~HK$300 Million to Buy Back 659,000 Shares on August 28
On August 28, Tencent Holdings disclosed to the Hong Kong Stock Exchange that it repurchased 659,000 ordinary shares that day, representing 0.00724% of the issued shares before the buyback, at a per-share repurchase price of HK$455.6587, for a total of approximately HK$300 million.
Yuanjie Technology: H1 Net Profit Attributable to Shareholders Soars 1212.2% YoY
Yuanjie Technology released its semi-annual report on August 28, showing that the company achieved operating revenue of ¥925 million in the first half of the year, up 351.4% year over year. Net profit attributable to listed company shareholders reached ¥607 million, a staggering 1212.2% increase. Basic earnings per share stood at ¥4.89. The company plans to distribute a cash dividend of ¥10 (pre-tax) per 10 shares to all shareholders, with no bonus shares and no conversion of capital reserves into share capital. During the reporting period, the company’s performance was primarily driven by a significant surge in data center business revenue, higher gross margins, and a lower share of period expenses. Non-recurring gains from changes in the fair value of private equity fund investments also contributed some of the profits.
“Big Short” Burry Bets Against Nvidia, Buys Call Options as a Hedge
On August 28, reports emerged that “Big Short” investor Michael Burry purchased Nvidia call options expiring in December with strike prices in the mid-to-high $200 range ahead of the company’s earnings release, describing the position as a “hedging tool” against his short and put option risks. Burry stated that his theoretical valuation of Nvidia is significantly below its current market capitalization.
Burry has also expanded his short positions in Nvidia, Oracle, Palantir, Nebius, and Caterpillar. His stock short positions now exceed 21% of his portfolio (excluding put options). He believes Nvidia’s monopoly advantage may be difficult to sustain over the long term, which could pressure its profit margins. He also suggests the company may allocate more capital toward capital expenditures and investments rather than delivering sufficient returns to shareholders.
UK High Court Orders Samsung to Pay Swatch $11.6 Million; Samsung Weighs Appeal
On August 27, Samsung Electronics said it is considering all response measures, including an appeal. This follows a ruling by the High Court of Justice in London that Samsung must pay $11.6 million in damages to Swatch Group for third-party smartwatch face apps in its Galaxy app store that infringed on Swatch-owned brand rights.
The brands involved in the case include Breguet, Blancpain, Omega, Longines, and Tissot. Swatch Group had originally sought $170 million in damages, while Samsung argued that sales from the relevant watch face apps generated only around $300 in revenue and that Swatch had suffered no losses. The court found that even without actual downloads by consumers, the unauthorized display of brand names itself could damage Swatch’s brand equity. In May 2022, the UK High Court had already ruled that Samsung committed trademark infringement. Samsung subsequently appealed, but the UK Court of Appeal dismissed the appeal in December 2023.
Midea Group Posts Six Consecutive Half-Year Periods of Dual Revenue and Profit Growth
On August 28, Midea Group released its 2026 interim results, posting total operating revenue of ¥261.05 billion, up 3.5% year over year. Net profit attributable to listed company shareholders reached ¥26.45 billion, a 1.7% increase. During the reporting period, Midea’s Building Technology and Robotics & Automation businesses saw revenue growth exceeding 10% year over year. Overseas sales now account for 43% of total sales, with overseas OBM (original brand manufacturer) revenue making up over 50% of that. Additionally, Midea deepened its AI empowerment across the entire value chain, incubating over 20,000 intelligent agents, achieving cumulative efficiency gains of over 9 million hours, and cutting costs by more than ¥450 million — all part of its ongoing transformation into an “AI + Industrial Technology Group.”
